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Enbridge lands $2.7-billion investment from KKR, Apollo in B.C. natural gas pipeline expansion

Enbridge lands $2.7-billion investment from KKR, Apollo in B.C. natural gas pipeline expansion

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An Enbridge terminal in Superior, Wis., in June, 2018. The company will retain operational control of the Westcoast system and oversee construction of the extensions.Jim Mone/The Associated Press

Calgary-based Enbridge Inc. ENB-T has landed a $2.7-billion investment in the planned expansion of its British Columbia natural gas pipeline from two of the largest U.S. private equity funds, an example of the global commitment to Canadian infrastructure that Prime Minister Mark Carney is targeting at Canada’s investment summit next month.

New York-based KKR & Co. Inc. KKR-N and Apollo Global Management Inc. APO-A-N are buying a 29-per-cent stake in Enbridge’s Westcoast pipeline network, which connects natural gas…

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